Comprehensive Income
Oiseau Inc Instructions
Prepare a Statement of Comprehensive Income

Essay

Comprehensive income
Oiseau Inc. reported the following for 2020:
$\begin{array}{llcc} \text { Net sales............................................ } & \$1,470,000 \\ \text { Cost of goods sold.............................. } &850,000\\ \text { Selling and admin expenses ...............} &210,000\\ \text {Loss on disposal of equipment.............. } &(12,000)\\ \text {Unrealized gain OCL............................ } &14,000\\\end{array}$
Instructions
Prepare a statement of comprehensive income. Ignore income tax and EPS. Assume Oiseau follows IFRS.